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Guy Gane Jr. “keeping the doors open” to office after federal raid.
Federal officials shut down Guy W. Gane Jr.’s alleged Ponzi scheme in May after he took $5.7 million of his clients’ life savings.
Then why is he still in business? A Buffalo News reporter stopped at the Watermark Financial Services Group office on Sweet Home [...]

Here’s a nice little history of Charles Ponzi and the original Ponzi scheme. This was plucked from an excellent post on thetrumpet.com. The very nature of our financial system is a Ponzi scheme.
In 1903, a destitute Charles Ponzi stumbled upon a way to make some quick cash by taking advantage of the postal system. When [...]